Atlantic Union Bankshares Corp Buys 1,561 Shares of S&P Global Inc. $SPGI

Atlantic Union Bankshares Corp raised its holdings in S&P Global Inc. (NYSE:SPGI) by 7.3% during the third quarter, HoldingsChannel reports. The firm owned 22,932 shares of the business services provider’s stock after acquiring an additional 1,561 shares during the quarter. Atlantic Union Bankshares Corp’s holdings in S&P Global were worth $11,161,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Norges Bank acquired a new stake in shares of S&P Global during the 2nd quarter valued at $2,188,945,000. Valeo Financial Advisors LLC boosted its stake in shares of S&P Global by 70,734.1% during the second quarter. Valeo Financial Advisors LLC now owns 3,168,411 shares of the business services provider’s stock valued at $1,670,671,000 after purchasing an additional 3,163,938 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its holdings in shares of S&P Global by 3,430.6% during the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,554,571 shares of the business services provider’s stock worth $819,699,000 after purchasing an additional 1,510,540 shares during the last quarter. TCI Fund Management Ltd. increased its stake in shares of S&P Global by 7.0% in the second quarter. TCI Fund Management Ltd. now owns 11,091,623 shares of the business services provider’s stock valued at $5,848,502,000 after buying an additional 730,354 shares during the period. Finally, Mizuho Markets Americas LLC raised its holdings in S&P Global by 104,031.3% in the 3rd quarter. Mizuho Markets Americas LLC now owns 595,631 shares of the business services provider’s stock valued at $289,900,000 after buying an additional 595,059 shares during the last quarter. 87.17% of the stock is currently owned by institutional investors.

S&P Global Price Performance

S&P Global stock opened at $527.23 on Monday. S&P Global Inc. has a 52 week low of $427.14 and a 52 week high of $579.05. The company’s 50 day moving average price is $518.60 and its two-hundred day moving average price is $517.32. The stock has a market cap of $159.65 billion, a P/E ratio of 38.34, a P/E/G ratio of 2.24 and a beta of 1.20. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.34.

S&P Global (NYSE:SPGI) last posted its quarterly earnings data on Thursday, October 30th. The business services provider reported $4.73 earnings per share for the quarter, topping the consensus estimate of $4.26 by $0.47. The business had revenue of $3.89 billion for the quarter, compared to analysts’ expectations of $3.77 billion. S&P Global had a return on equity of 15.90% and a net margin of 28.10%.The business’s revenue was up 8.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.89 earnings per share. On average, equities analysts predict that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 11th. Shareholders of record on Wednesday, February 25th will be issued a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a yield of 0.7%. This is a boost from S&P Global’s previous quarterly dividend of $0.96. The ex-dividend date of this dividend is Wednesday, February 25th. S&P Global’s payout ratio is currently 27.93%.

Analysts Set New Price Targets

SPGI has been the subject of several analyst reports. The Goldman Sachs Group reaffirmed a “buy” rating and set a $640.00 target price on shares of S&P Global in a research report on Tuesday, December 16th. Evercore ISI lifted their price objective on S&P Global from $629.00 to $632.00 and gave the stock an “outperform” rating in a research note on Thursday, January 8th. BMO Capital Markets set a $546.00 price target on shares of S&P Global in a report on Friday, November 14th. JPMorgan Chase & Co. reduced their price objective on shares of S&P Global from $635.00 to $615.00 and set an “overweight” rating on the stock in a research note on Friday, October 31st. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of S&P Global in a research report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating and sixteen have given a Buy rating to the stock. According to MarketBeat.com, S&P Global presently has a consensus rating of “Buy” and a consensus target price of $615.64.

S&P Global Company Profile

S&P Global is a leading provider of financial information, analytics and benchmark indices that serve investors, issuers, corporations and public institutions worldwide. The company operates through well-known businesses that include credit ratings, market intelligence and index licensing, as well as commodity and energy information services. Its products and services are used to assess creditworthiness, inform investment decisions, construct and track benchmark portfolios, and support risk and commodity market analysis.

S&P Global Ratings provides independent credit ratings, research and data used by fixed income investors and capital market participants to evaluate issuer and transaction risk.